ABEL
ActiveSummary
ABEL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €731,437 and a net result of €166,377. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-1
Solvency66▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.09 in 2024; short-term debt: 36.7% and cash: 35% of total assets), and 58.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.1%
Return on assets
9.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
24 d early
2023
19 d early
2022
35 d early
2021
45 d early
2020
21 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€731,437▲ 29.4%
2024 · €565,060
Total assets
€1.8m▲ 10.8%
2024 · €1.6m
Net result
€166,377▲ 5.2%
2024 · €158,168
Working capital
€223,051▲ 365%
2024 · €48,008
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€76,902▲ 309%€85,713▲ 11.5%€246,584▲ 188%€248,439▲ 0.8%€265,181▲ 6.7%
Net result€49,735▲ 463%€71,162▲ 43.1%€172,184▲ 142%€158,168▼ 8.1%€166,377▲ 5.2%
Equity€283,359▼ 4.3%€354,521▲ 25.1%€474,073▲ 33.7%€565,060▲ 19.2%€731,437▲ 29.4%
Total assets€991,821▲ 0.2%€1.4m▲ 39.3%€1.5m▲ 5.9%€1.6m▲ 9.8%€1.8m▲ 10.8%
Debt€708,463▲ 2.1%€1.0m▲ 45.0%€989,850▼ 3.6%€1.0m▲ 5.3%€1.0m▲ 0.6%
Working capital€119,901▲ 11.4%€51,415▼ 57.1%€187,831▲ 265%€48,008▼ 74.4%€223,051▲ 365%
Staff (FTE)12.2▲ 0.8%12.1▼ 0.8%14▲ 15.7%15.2▲ 8.6%18.4▲ 21.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result +142% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€904,158 ▼ 10.1%
Current assets
€876,157 ▲ 45.6%
Equity and liabilities €1.8m
Equity
€731,437 ▲ 29.4%
Debt
€1.0m ▲ 0.6%
Debt's share of the balance-sheet total falls from 64.8% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€428,631▲
2024 · €407,806
Cash flow
€329,826▲
2024 · €317,535
Current ratio
1.34▲
2024 · 1.09
Quick ratio
1.23▲
2024 · 1.02
Debt to equity
1.43▼
2024 · 1.84
ROE
22.7%▼
2024 · 28.0%
ROA
9.3%▼
2024 · 9.8%
Interest coverage
24.20▲
2024 · 22.72
Debt ≤ 1 year
€653,106▲
2024 · €553,645
Debt > 1 year
€386,573▼
2024 · €484,103
Income taxes
€84,806▲
2024 · €75,431
Staff costs
€914,365▲
2024 · €672,490
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €444,402 | €474,089 | €635,340 | €672,490 | €914,365 | ▲ 36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,015 | €113,308 | €138,919 | €159,367 | €163,449 | ▲ 2.6% |
| Other operating charges640/8 | €7,530 | €9,209 | €19,803 | €12,125 | €14,246 | ▲ 17.5% |
| Non-recurring operating charges66A | - | - | €191 | €0 | - | - |
| Gross operating margin9900 | €625,849 | €682,319 | €1.0m | €1.1m | €1.4m | ▲ 24.2% |
| Operating profit (loss)9901 | €76,902 | €85,713 | €246,584 | €248,439 | €265,181 | ▲ 6.7% |
| Financial income75/76B | €580 | €1,825 | €2,335 | €3,112 | €3,713 | ▲ 19.3% |
| Recurring financial income75 | €580 | €1,825 | €2,335 | €3,112 | €3,713 | ▲ 19.3% |
| Financial charges65/66B | €7,045 | €9,120 | €16,839 | €17,952 | €17,711 | ▼ 1.3% |
| Recurring financial charges65 | €7,045 | €9,120 | €16,839 | €17,952 | €17,711 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €70,438 | €78,418 | €232,080 | €233,600 | €251,183 | ▲ 7.5% |
| Income taxes67/77 | €20,702 | €7,256 | €59,896 | €75,431 | €84,806 | ▲ 12.4% |
| Profit (loss) for the period9904 | €49,735 | €71,162 | €172,184 | €158,168 | €166,377 | ▲ 5.2% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €49,735 | €71,162 | €172,184 | €158,168 | €166,377 | ▲ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €991,821 | €1.4m | €1.5m | €1.6m | €1.8m | ▲ 10.8% |
| Fixed assets21/28 | €536,228 | €985,104 | €866,335 | €1.0m | €904,158 | ▼ 10.1% |
| Tangible fixed assets22/27 | €530,528 | €979,404 | €860,635 | €1.0m | €898,458 | ▼ 10.2% |
| Land and buildings22 | €149,843 | €138,111 | €126,380 | €166,072 | €166,990 | ▲ 0.6% |
| Plant, machinery and equipment23 | €354,270 | €819,349 | €714,758 | €824,068 | €722,320 | ▼ 12.3% |
| Furniture and vehicles24 | €26,415 | €21,943 | €19,498 | €9,915 | €9,148 | ▼ 7.7% |
| Financial fixed assets28 | €5,700 | €5,700 | €5,700 | €5,700 | €5,700 | = |
| Current assets29/58 | €455,593 | €396,632 | €597,588 | €601,653 | €876,157 | ▲ 45.6% |
| Stocks and contracts in progress3 | €41,406 | €43,491 | €49,499 | €37,876 | €75,479 | ▲ 99.3% |
| Stocks30/36 | €41,406 | €43,491 | €49,499 | €37,876 | €75,479 | ▲ 99.3% |
| Amounts receivable within one year40/41 | €57,356 | €79,326 | €59,872 | €30,854 | €51,292 | ▲ 66.2% |
| Trade receivables40 | €38,823 | €53,252 | €37,646 | €24,593 | €51,292 | ▲ 109% |
| Other amounts receivable41 | €18,534 | €26,073 | €22,226 | €6,262 | €0 | ▼ 100% |
| Current investments50/53 | €31,700 | €43,700 | €55,700 | €77,500 | €106,300 | ▲ 37.2% |
| Cash at bank and in hand54/58 | €308,377 | €208,014 | €409,664 | €438,408 | €622,343 | ▲ 42.0% |
| Deferred charges and accrued income490/1 | €16,753 | €22,101 | €22,853 | €17,015 | €20,744 | ▲ 21.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €991,821 | €1.4m | €1.5m | €1.6m | €1.8m | ▲ 10.8% |
| Equity10/15 | €283,359 | €354,521 | €474,073 | €565,060 | €731,437 | ▲ 29.4% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €258,359 | €329,521 | €449,073 | €540,060 | €706,437 | ▲ 30.8% |
| Non-distributable reserves130/1 | €2,500 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €0 | - | - | - | - |
| Distributable reserves133 | €255,859 | €329,521 | €449,073 | €540,060 | €706,437 | ▲ 30.8% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €708,463 | €1.0m | €989,850 | €1.0m | €1.0m | ▲ 0.6% |
| Amounts payable after more than one year17 | €372,770 | €681,998 | €580,093 | €484,103 | €386,573 | ▼ 20.1% |
| Financial debts170/4 | €372,770 | €681,998 | €580,093 | €484,103 | €386,573 | ▼ 20.1% |
| Amounts payable within one year42/48 | €335,692 | €345,217 | €409,757 | €553,645 | €653,106 | ▲ 18.0% |
| Current portion of amounts payable after more than one year42 | €72,142 | €103,202 | €101,904 | €96,549 | €97,531 | ▲ 1.0% |
| Trade debts44 | €153,220 | €127,048 | €209,508 | €380,792 | €394,337 | ▲ 3.6% |
| Suppliers440/4 | €153,220 | €127,048 | €209,508 | €380,792 | €394,337 | ▲ 3.6% |
| Taxes, remuneration and social security45 | €50,674 | €114,967 | €91,859 | €69,045 | €151,150 | ▲ 119% |
| Taxes450/3 | €864 | €22,927 | €0 | €15,717 | €14,352 | ▼ 8.7% |
| Remuneration and social security454/9 | €49,810 | €92,040 | €91,859 | €53,328 | €136,798 | ▲ 157% |
| Other amounts payable47/48 | €59,656 | €0 | €6,485 | €7,259 | €10,089 | ▲ 39.0% |
| Accrued charges and deferred income492/3 | - | - | - | €4,600 | €9,200 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,735 | €71,162 | €172,184 | €158,168 | €166,377 | ▲ 5.2% |
| + Depreciation and write-downs630 | €97,015 | €113,308 | €138,919 | €159,367 | €163,449 | ▲ 2.6% |
| Operating cash flow (approximation) | €146,750 | €184,470 | €311,103 | €317,535 | €329,826 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€562,183 | -€20,150 | -€298,787 | -€61,852 | ▲ 79.3% |
| Change in cash | - | -€100,363 | €201,650 | €28,744 | €183,935 | ▲ 540% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €565,060 ▲19.2%
5 profitable years in a row build equity to €565,060.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €172,184 ▲142%
Net result €172,184, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €8,831
Net result €8,831 after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€19,425
Net result drops to -€19,425, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2000
Ground area
731 m²
Building footprint
560 m²
Volume, LiDAR
1,569 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
ABEL
since 20002.115.869.710
ABEL
since 20092.187.477.484
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0638/00X035 | Flanders | 514 m² | 1 · 391 m² | - |
| 44032A0235/00C008 | Flanders | 217 m² | 1 · 169 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 25,581 EUR awarded · 15,950 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 622 EUR | 622 EUR |
| 2024 | 1 | 382 EUR | 382 EUR |
| 2023 | 2 | 176 EUR | 14,622 EUR |
| 2022 | 2 | 24,401 EUR | 324 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGent2.115.869.710
Gent2.187.477.484
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 935 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
10111Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471878769
Also
9925:BE0471878769
Registered
06-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.